“Leaving pocket change for everybody else.”

The vast majority of economic gains are going to the top 10 percent

#Money

Sun, Dec 31st, 2017 11:00 by capnasty NEWS

According to the New York Times, unlike the post-war period in which most of the economic gains experienced in-between recessions would go to most of the people, economic gains experienced now only go to a handful of people, who also enjoy the lowest of taxes. Some argue that the Long Term Stock Exchange (LTSE) may be needed to disrupt the current model of capitalism.

She argues that this approach isn’t flowing through to broad-based wage gains because it is so untargeted. “Conventional fiscal fine-tuning measures ensure that when government increases its total demand for goods and services, it first improves the conditions of the skilled, employable, highly educated, and relatively highly-paid wage and salary workers,” she wrote. “It is hoped that after those workers increase their own demand for products and services, the fiscal stimulus would trickle down to the less skilled and low-wage workers.”

But, she added, “this trickle-down mechanism never quite trickles down far enough to create job opportunities for all individuals willing and able to work.”

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